H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 31,l<$li7) H.U.1 October JO, I9U7 CONDITION OF THE' FEDERAL RESERVE BANKS During the reek endetf October 29 member benk reserve balances decreased 017£,OO0,OuOl reductions irt.n^ibcr brink reserves arose from ?n increase of £747,000,000 in Tre- sury deposits vith Verier: 1 Heeerve Benks offset in- part by in creases of ; 441,000,000 initoaerveB nk credit • nd 69/^00,000 in fold etoek **nd decreases of ;, 50,000,000 in money in'circulation * nd '8,000,000 in non^ernber depo; its and-other ^e^evrl »*e: e -vc accounts. i*>;cess reserves? of member b-nkse on October 29 v.ere estimated to be ptjprQximn ely r820,000,000. Holdings of loens, discounts nnd -dv^nces incro; sod v24^,000,000 -nd of United states Government Securities 0357,000,000. The increases in holding'of United'States Goverpmcnt securities reflects increases of v232,000,000 in notes,, S'68,000,000 in certificates, and "57,000,0 0 in fells. Charges in member bonk reserve balances find related items during the veek and the year ended October 29, 1947, vrere ^s follows: Increase' or decrease "since October 29, October £.0, October 30 1947 _ 1.947 _ '' (In millions of dolO-rs) U. "S. Government securities 22,129 -1 ,479 Lofms, div.counts nnd r.dvence, 375 -> 24S + 136 Other Reserve Bank credit 285 - 164 + 30 Totrl Reserve B?nk crgdit 22,739 + 441 -1 ,312 Gold stock 22,294 +• 69 4-1 ,W> Tre. sury currency 4,552 + : • 4 Member bank reserve"belnnces 16,859 - 173 + 74* Oioney in circul tion 28,519 50 - 69 Treasury cash 1,338 + 1 -, •347 Tree sury deposits v.ith F lUB'nks 1,355 + 747 + £93 % Nonmember deposits and other F.H.accounts " 1,566 8 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. ;S*ATBMENT OF CONDITION H.lul(-a)** OS^.THE TWELVE FEDSRat RESERVE BAJJKS COMBINED (In thousands of dollars) Increase or decrease since October 29, October 22, October 30, 19U7 19l7 19^6 AS S E TS Gold certificates 20,362>670 + 78,000 +2,912,21*2 Redemption fund for R. R,„ notes . 681,710 • 10,070 - 96,i|Q8 Total gold certificate reserves 21,oUU,380 + 67,930 +2,815,831 Other cash 266,671 +: 11,538 - 23,090 Discounts and advances 373,057 +21*8,270 + 135,U70 Industrial loans - -1,853 - • 57 + 7^9 Acceptances purchased. 1,810 312 + 1,810 U S Govt, securities: # # Bills 13,622,28k + 57,Uoo -1,088,001 Certificates •7,066,966 + 67,500 - 385,035 Notes 732,,UOO +232,100 + 12,300 Bonds 707,690 — - U7,6oo Total U. S» Government securities ~™ 22,129,3^0 +357,000 -l,l;78,336 Total loans and securities 22,506,060 +6oU,90i -r,3Uo,287 Due from foreign "banks 95 + 3 F. R. ncbec of other banks I31,li99 + 7U3 + 6,U6o Uncollected items 2,613,538 -353,686 + 378,830 Bank premises 3.2 + •• 595 Other assets 56,165 + 2,237 + 6,U2U TOTAL iiSSSTS 1|6,65I,650 +333,631 +1,8UU,769 L I A B I L I T IE SJ Federal Reserve notes ! 2U,U52,52U - 39,162 - 117,U66 Deposits; Member bank-reserve,, account ; 16,859,:0U9 -178,361 + 7U7,73l U.S.Treasurer-general account i,35>i,582 +7U7,020 + 892,383 Foreign 150,290 + 3,198 - 237,695 Other 1+66,311 - 10,252 + 1U8,52U Total deposits \ 19,130*232 +561,605 +1,550,9U3 Deferred availability itc-ihs 2,330,iil8 -189,725 + 350,132 Other liabilities including accrued dividends ' 21,299 + 535 + 7,563 TOTAL LIABILITIES U5.95U.U73 +333,253 +1,791,172 C A P I T AL A C C 0 U N T;:S Capital paid in 193,830 39 + 8,977 Surplus (Section 7) U39,823 + 81,U68 Surplus (Section 13^>) .. ?7 U55 ..... + 27 fc Other capital accounts . 56,069 + 339 - 36,875 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ii6,651y650 +333,631 +1.8UU.769 Ratio of gold certificate.reserves to deposit and«F. K note # liabilities combined li8*3f* Contingent liability on bills purchased for foreign correspondents 3*029 17 1,050 Commitments to make industrial loans 7;362 •* 17 1,283 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 29, 191*7 (In thousands of dollars) A S S E TS Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kans.Cy. Dallas SanFran. Gold certificates 20,362,670 760,990 5,1+83,1*36 961,358-1369,89!; 12ol*,233 1088,52+0 1*1*36,835 613,1*96 l*7l+,753 71+1,596 1190,9262736,563 Redemption fund for F. R. notes 681,710 5l-*,7'27 118,565 59,761 7U.571+ 62,1*79 1*1,082 86.91*0 L6.QI1Q 22.Q80 35.807 25.861 51,985 Total gold certificate , reserves 21,0i*i*,380 815,717 5,602,001 1021,119: li*l*i*,l*68 1266,712 1129,622 1523,825 660,1*1*5 1*97,733 777,2+03 516,787 2788,51*8 other cash 266,671 25,616 1*9,325 13.090 25,000 ll*,951 19,698 38,783 13,381 6,1*67 "9,837 11,179 38,836 iJisoounts ana advances 373,057 8,653 129,9*40 19,812* 21,621, 16,371 12,890 70,1*57 22,1*53 H*,138 21,207 ' 5,00l* 30,506 Industrial loans 7 OCJ _„_ ___ 1 ci-. t? Acceptances purchased j ^JQ ___ T Q^Q „__ ___ ___ „_ „_ __• U. S.Gcvt. securities; 5^4^. . .. 13,622,261* 890,031 1*,021,663 933,383 1227,612 737,539' 609,702 1676,022 70l*,378 32+3,092 602,859 52+0,338 128l*»865 vllt 7,066,966 1*92,877 1.656,528 1*68,11*1* 675,351 2+66,750 303,902+ 93^,72*9 395,301 210,085 357,377 360,627 665,273 J^ 732,l*oc 51,081-, 171,677 1*8.517 69,991 1+6,373 39,787 96,675 1*0,968 21,773 37,037 37,371+ 68, l+7 9 -JVLJQQ. A*9,357 • 165.685, 1+6,080 67,630 k6,7hl ffl»Wi5 93,606 39 > 586 21,038 35,78,8 36,11? 66,621 Total U.S. Government securities 22,129,31*0 12*83,32*6 6,015,753 151+6,921* 2oi*o,50l* 1299,1+03 I07i,-83i3 2801,252 _ii80,233\596,,7-88.1033i061 97l+,l*52 2085,706 Total loans and securities; 2,506,060'12*91,999 6,-ll*7;,503 1568,51+8 2062,20G 1315,017 1081*,728 2871,709 1202,686 610,926 1051,268 979,1*56 2116,212 2 +>ue from foreign banks 95 6 l/ 26 6 9 5 1* ? ' ll* •: '1* - 1 • 3 1* 3 9 £.K. notes of other.banks 131,K 5,207 '^,(i>Q 5,566 7,959 13,1+25 10,9& l2+,739 l\ 9,2+2 9,721 8,992* 3,902 l ,5l*5 99 9 9 uncollected itens 2,613,538 2oi,7i;7 501,003:165,551 250,1*09-235,170 16,0,160 iil8,8l*l: 121,31*5. 76,392 133,81+5 107,258 221,817 sank premises 33,21*2 1,255 3,29!*' 3,137 5,176 2,6l*'8 1,1*90 3,05k- 1,9?6 : ,l>2li* -2,1*68. 80l* 1,726 utner assets 56,165 3,987 . 12,71+2 3,388 5,596 3,71+1+ 3,213 7,1*25 5,510 1,610 2,61*0. 2.976 5.321* TOTAL ASSETS 1*6,651,650 251*5,53!* 12,31*2,al*2 2800,1*15 3800,827'2852,1*72 21*09,829r878,1+1*0 2pi3,276 12ol*i,666 1909,1*67 1622,365 5192,017 t l/Ajfter deducting $69,1)00 participations of ><i>ther Federal Reserve Blanks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEIiEKT OF CONDITION OF TEB FEDERAL RESERVE BANKS ON OCTOBER 29, I9I4.7 (In thousands of dollars) LT A B I L I T I ES Total ^.Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas SanFran. Federal -Keserve notes 2!i,ii52,52 4 1436,021 5,592,613 1647,013 2103,302 1733,332 1400,056 4576,979 1125,314 618,404, 955,990 62 4 ,i67 2659,333 Deposits^. Member bank-reserve acct. 16^359,049 760,926 5,198,014 828,179 1238,750 761,996 740,005 2540,770 6-36,373 436,654' -82-5,839 809,175 2082,568 ; U.S.Treasurer-general acct•1321^582'• 83,479 328,704 76,278 121,047 •98,057 58,180 239,826 37,312 •53,352- 66,213 4?, 067 104,047 Foreign 450,290 25,152 1/133,692 51,744 36,447 19,203 16,06-8 53,298 13,717 9,798 1* 717 12,955 34,521 m^s. Other lf66,3II - 2,750 393,598 g,oiU 7,544 2,207 2,Qj 4 6 2,597 7px - .1,9.18. -1 AK.3 O -—<"> ;8 Total deposits 19,150,232 872,307 6,109,008 938,215 iii03,5B3 871,463 616,299 2856,291 744,125 501,722 906,827 671,053 2259,334 Deferred availability itenis2 J 33o,4l8 189,908 413,.052 155,699 225,137 161,304 365,374 117,005 64,2!;5- 118,973 100,355 207,630 Other liabilities including 210,163 accrued dividends 21,299 1,162 5,970 1,340 >QO 899 3,205 920 18 227_ J52 .2,2132. TOTAL LIABILITIES 1,056 45,934,473 21499,^90 12,120,643 27/42,267 373U,H7 2616,034 2379,058 7782,3 9 1937,362 1185,089- 1962,592 1596,928 5128,636 U Capital paid in 193*630 11,233 68,332 Ia,3i9 x1 ^Q ,op~Ov:~ \ 6,176 7,456 * ^2 6,342 4,27^55 6,464 7,228 18,001 Surplus (Section 7) 439,323 27,557 136,549 34,72o 20,676 18,663 65,076 16,577 10,997 15,729 13,777 36,106 Surplus (Section* 13'D) '27,455 3,012 7,253' 4,489 1,007 3,325 762 1,429 521 1 <Y?7L 1,;137 1,307 2,1110 Other capital accounts 56,069 . 4,554 10,165 4^,620 5^89 4.259 3.8QO 6.422 2.) XiJu. 3n:5S5 3,125 5,13?[ TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 1*6,651,650 25U5,53U I2,3h£,9l& 2800,1*15 3000,327 2652,i;72 2409,029 7870 f UiO 2013,276 12OU,O66 1969,1467 1622,365 5192,017 Contingent liability on bills purchased ' ". for foreign correspondents * QPQ *fr 2/ 969 ^45 Ui3 121; 2*12 106 76 106 100 267 Commitments to make industrial^ loans n -ztg- 923 l,l*5£ 79 IiQ0 C'j 580 3,750 150 F. R notes outstanding 25,193'602 150^,157 # 5,759,942 1691,651 2163,670 1774,430 1444,542 4679,055 1163,577 632,692 959,374 Collateral for F- H -.notes # # held by F«R Agents* # Gold certificates 12,593,000 440,000 5,470,000 515,000 695,000 650,000 725,000 3050,000 315,000 184,000 280,000 169,000 2100,000 Eligible paper 255,250 ;'~ 6,125 117,060 16,615 — 14,435 21,070 13,150 19,825 27,030 U # S # Govt, securities 13,1*00,000 1300,000 2,4/jo,pco 1200,000 1500,000 1150,000 750,000 1700,000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16-to 31 to 61 to " 9I days to 6 'months 1 to 2 ' 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years. years 5 years Discounts and advances 373,057 -328,6ii6 3,105 COO 25,024 5 11 Industrial loans 1,853 1,294 25 43 27 53 109 302 Acceptances purchased .. 1,810 816 518 476 U.S. Govt, securities 22,129,3^0 3,132,529 2,337,490 4,528,265 4,727,711 2,392,662 4,327,995 255,150 427,540 1/ !After deducting $266,492,000 participations of"qther Federal.,. Reserve Banks. 2~/-After deducting $ 2,060,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis